Wallets

Wallets

KrypCore Web3 provides a range of wallet options to suit various needs and preferences within your decentralized application (Dapp). Each type of wallet offers distinct features and functionality, catering to different use cases and user requirements. Understanding the differences between these wallet options will help you make an informed decision when choosing the right wallet for your Dapp.

Custodial Wallets

Custodial wallets are wallets where a trusted third party, such as KrypCore Web3, manages and secures the private keys on behalf of the user. These wallets provide convenience and ease of use, making them suitable for beginners or users who prefer to delegate key management responsibilities. KrypCore Web3 integrates with secure storage solutions, such as AWS KMS, to ensure the highest level of key security for custodial wallets.

Non-Custodial Wallets

Non-custodial wallets give users complete control over their private keys, as the keys are generated and stored locally on the user's device. These wallets prioritize user autonomy and security, making them suitable for users who value self-custody of their assets. Non-custodial wallets are commonly used by experienced users, developers, and individuals who prefer to have direct control over their funds and transactions.

MPC (Multi-Party Computation) Wallets

MPC wallets utilize advanced cryptographic techniques to distribute the private key across multiple nodes. This distributed approach enhances security by eliminating single points of failure and providing resistance against attacks. MPC wallets offer a balance between convenience and security, making them suitable for users who seek a higher level of protection for their digital assets while still benefiting from a user-friendly experience.